Smart Good Things Holding (XPAR:MLSGT) ROCE % : -9.65% (As of Jun. 2023)

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What is Smart Good Things Holding ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Smart Good Things Holding's annualized ROCE % for the quarter that ended in Jun. 2023 was -9.65%.

Smart Good Things Holding ROCE % Historical Data

The historical data trend for Smart Good Things Holding's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Smart Good Things Holding ROCE % Chart

Smart Good Things Holding Annual Data

Trend

Dec21

Dec22

ROCE %

-6.21

Smart Good Things Holding Semi-Annual Data
	Jun22	Dec22	Jun23
ROCE %	-	-2.05	-9.65

Smart Good Things Holding ROCE % Calculation

Smart Good Things Holding's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.993	/	( ( (0.751 - 0.555)	+	(48.314 - 16.537) )	/ 2 )
	=	-0.993	/	( (0.196	+	31.777)	/ 2 )
	=	-0.993	/	15.9865
	=	-6.21 %

Smart Good Things Holding's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-4.08	/	( ( (48.314 - 16.537)	+	(66.08 - 13.26) )	/ 2 )
	=	-4.08	/	( ( 31.777	+	52.82 )	/ 2 )
	=	-4.08	/	42.2985
	=	-9.65 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Smart Good Things Holding (XPAR:MLSGT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Smart Good Things Holding ROCE % Related Terms

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Smart Good Things Holding (XPAR:MLSGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart Good Things Holding SA (XPAR:MLSGT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Rue Bernard Palissy, Puteaux-la-Defense, FRA, 92800

Website

https://smartgoodthings.com

Smart Good Things Holding SA is a holding company organized mainly around two business segments namely production of powdered preparations for nutritional instant drinks and development of a concierge service platform dedicated to the elderly: a platform offering services related to assistance in the small daily tasks, food shopping, support in the daily procedures.

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